Federal Register / Vol. 88, No. 162 / Wednesday, August 23, 2023 / Notices 57523 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Extension of Information 

Collection Request Submitted for 

Public Comment; Comment Request 

Relating to the Guidance on Cost 

Recovery Under the Income Forecast 

Method 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service, 

as part of its continuing effort to reduce 

paperwork and respondent burden, 

invites the public and other Federal 

agencies to take this opportunity to 

comment on proposed and/or 

continuing information collections, as 

required by the Paperwork Reduction 

Act of 1995. The IRS is soliciting 

comments concerning the guidance on 

cost recovery under the income forecast 

method. More specifically, the burden 

associated with filing Form 8866, 

Interest Computation Under the LookBack Method for Property Depreciated 

Under the Income Forecast Method. 

DATES: Written comments should be 

received on or before October 23, 2023 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Andres Garcia, Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224 or 

by email to pra.comments@irs.gov. 

Please reference the information 

collection’s ‘‘OMB number 1545–1622’’ 

in the subject line of the message. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to Sara Covington, at 

(202)–317–5744 or Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224, or 

through the internet, at 

sara.l.covington@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Interest Computation under the 

look-back Method for Property 

Depreciated Under the Income Forecast 

Method. 

OMB Number: 1545–1622. 

Form Number: 8866. 

Abstract: Taxpayers depreciating 

property under the income forecast 

method and placed in service after 

September 13, 1995, must use Form 

8866 to compute and report interest due 

or to be refunded under Internal 

Revenue Code 167(g)(2). The Internal 

Revenue Service uses the information 

on Form 8866 to determine if the 

interest has been figured correctly. 

Current Actions: There is no change to 

the form at this time. This request is 

being submitted for renewal purposes 

only. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households, and business or other forprofit organizations. 

Estimated Number of Respondents: 

50. 

Estimated Time per Respondent: 13 

hours, 51 min. 

Estimated Total Annual Burden 

Hours: 693. 

The following paragraph applies to all 

the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a 

collection of information must be 

retained if their contents may become 

material in the administration of any 

internal revenue law. Generally, tax 

returns and tax return information are 

confidential, as required by 26 U.S.C. 

6103. 

Desired Focus of Comments: The 

Internal Revenue Service (IRS) is 

particularly interested in comments 

that: 

• Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility; 

• Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used; 

• Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

• Minimize the burden of the 

collection of information on those who 

are to respond, including using 

appropriate automated, electronic, 

mechanical, or other technological 

collection techniques or other forms of 

information technology, e.g., by 

permitting electronic submissions of 

responses. 

Comments submitted in response to 

this notice will be summarized and/or 

included in the ICR for OMB approval 

of the extension of the information 

collection; they will also become a 

matter of public record. 

Approved: August 17, 2023. 

Sara L. Covington, 

IRS Tax Analyst. 

[FR Doc. 2023–18074 Filed 8–22–23; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

Veterans and Community Oversight 

and Engagement Board, Notice of 

Meeting 

The Department of Veterans Affairs 

(VA) gives notice under the Federal 

Advisory Committee Act, 5 U.S.C. ch. 

10, that the Veterans and Community 

Oversight and Engagement Board 

(Board) will meet on September 28–29, 

2023, at Veterans Administration 

Central Office (VACO), 810 Vermont 

Avenue NW, Washington, DC 20429. 

The meeting sessions will begin, and 

end as follows: 

Date Time 

September 28, 

2023.

8:30 a.m. to 5:00 p.m.— 

Eastern Daylight Time 

(EDT). 

September 29, 

2023.

8:30 a.m. to 5:00 p.m.— 

EDT. 

The meetings are open to the public 

and will be recorded. 

The Board was established by the 

West Los Angeles Leasing Act of 2016 

on September 29, 2016. The purpose of 

the Board is to provide advice and make 

recommendations to the Secretary of 

Veterans Affairs on identifying the goals 

of the community and Veteran 

partnership; improving services and 

outcomes for Veterans, members of the 

Armed Forces, and the families of such 

Veterans and members; and on the 

implementation of the Draft Master Plan 

approved by VA Secretary on January 

28, 2016, and on the creation and 

implementation of any successor master 

plans. 

On Thursday, September 28, 2023, the 

Board will meet in open session with 

key staff of the VA Greater Los Angeles 

Healthcare System, (VAGLAHS), and 

Department of Veteran Affairs 

Leadership. The agenda will include 

opening remarks from the Board Chair, 

Executive Sponsor, and other VA 

officials. There will be an overview 

provided by the Veterans Experience 

Office (VEO) highlighting VEO 

Organization and Operations. The 

Director of VAGLAHS will provide 

opening remarks and provide an 

overview of ongoing progress associated 

with the GLA campus. The Board will 

receive presentations on the status of 

the hiring process and VHA hiring fairs, 

and an in-depth presentation of the 

Town Center Concept final report 

generated by the ULI Technical 

Assistance Panel. The Board will 

receive a comprehensive presentation 

on Barriers to existing Housing and 

Urban Development (HUD) Voucher use 


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